While they are talking apples and oranges, both the U.S. Census Bureau and ATTOM Data Solutions each took a recent look at residential vacancies . The Census Bureau's quarterly report on Residential Vacancies and Homeownership noted a decline in the incidence of rental property vacancies and a stable situation among owned properties while ATTOM was concerned primarily with what they call "zombie" foreclosures, homes that fall vacant during the foreclosure process. The Census Bureau puts the vacancy rate for rental housing at 7.1 percent in the third quarter of this year, down from 7.5 percent last year, while the homeowner vacancy rate, at 1.6 percent was identical year-over-year. The report estimates a total of 138.6 million housing units nationwide, 121.354 million or 87.6 percent of which

October 31, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Oct 31, 2018 Mortgage Rates Keep Edging Higher as Stocks Recover Wed, Oct 31, 2018 3:29PM Mortgage rates were higher by a fairly small margin once again today. Interest rates in general (which are determined by the bond market) have been taking most of their cues from recent stock market volatility. That's not always the way it works, but it's the way things have been in the wake of the big stock losses seen on several occasions in recent weeks. Now, as stocks begin to stabilize and move higher, rates have felt some pressure to do the same. Unfortunately, in relative terms, the recent drop in rates hasn't even come close to matching the move in stocks. Simply put, the bond market i... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.17 +0.04   97.47 101.61 UMBS 30YR 6.0 102.43 +0.03   99.66 102.50 10 YR Treasury 4.063 -0.003   3.621 4.780 MBS Live Day Ahead: This is Becoming a Scary Week For Bonds Wed, Oct 31, 2018 9:18AM The title of this commentary is  not a Halloween pun .  I don't do Halloween puns anymore.  No, there is some legitimate cause for concern--even a bit of fear--in the bond market movement seen so far this week.  This movement woul... (read more) MBS Live Recap: No Love For Bonds at Month-End Wed, Oct 31, 2018 4:13PM Bonds ended the day in weaker territory with 10yr yields rising roughly 3bps and Fannie 4.0 MBS losing nearly a quarter of a point. Much like yesterday, bonds lost most of their ground in the overnight session.  Much like yesterday, an absence of drama in equities markets gave way to bond losses.  Taken together with the last 4 trading ses... (read more) MBS Price Change UMBS 5.0 99.68 +0.04 UMBS 5.5 101.17 +0.04 UMBS 6.0 102.43 +0.03 GNMA 5.0 100.01 +0.01 GNMA 5.5 101.15 +0.02 GNMA 6.0 102.03 +0.02 Pricing as of: 9/15 6:55AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.001 5 YR Treasury 3.624 -0.007 7 YR Treasury 3.811 -0.005 10 YR Treasury 4.061 -0.005 30 YR Treasury 4.682 +0.001 Pricing as of: 9/15 6:55AM EST Other News Coincidence? A Zombie Foreclosure Report in Late October Wed, Oct 31, 2018 4:19PM While they are talking apples and oranges, both the U.S. Census Bureau and ATTOM Data Solutions each took a recent look at residential vacancies . The Census Bureau's quarterly report on Residential Vacancies and Homeownership noted a decline in the incidence of rental property vacancies and a stable situation among owned properties while ATTOM was concerned... (read more) After Brief Reprieve, Mortgage Apps Resume Downward Path Wed, Oct 31, 2018 8:10AM After posting the first across-the-board volume increases in almost a month during the week ended October 19, activity reversed last week, and the seasonally adjusted Market Composite Index declined 2.5 percent. The index, produced by the Mortgage Bankers Association, lost 3 percent on an unadjusted basis. The MBA's Refinance Index was down by 4 percent duri... (read more) Sales and LO Jobs; Vendor News; Current Rates and the Economy Wed, Oct 31, 2018 9:00AM “The best part about Halloween is that the cobwebs in my house look like decorations.” For perhaps a morning, the focus for lenders has shifted away from cash flow and recruiting to who will win the yearly Halloween costume contest. The usual favorite (IT - Minions) or the long-shot shipping department (Ninja Turtles)? Perhaps accounting (The Pri... (read more) Latest Video Southern California home sales plummet Yellen: A couple more rates hikes are necessary ADP October payrolls up 227,000 Around the Web CNBC San Francisco Bay area home sales suffer their slowest September in 11 years NAR - Realtor.com American Homeownership Increases Again as Housing Market Looks for Balance consumerfinancemonitor.com CFPB Revises HMDA Small Entity Compliance Guide Reuters U.S. Federal Reserve unveils proposal to ease regulations for larger banks Reuters Robust earnings boost equity markets after brutal month Bloomberg Treasury Lifts Long-Term Debt Sales for Fourth-Straight Quarter NAHB Eye on Housing Community Associations Continue to Rise CNBC The problem with housing is prices have recovered but demand hasn't: Real estate mogul Sam Zell CNBC Wages and salaries jump by 3.1%, highest level in a decade CNBC 'Robust' jobs market sees another 227,000 hires in October Bloomberg Foreigners Like U.S. Debt as Much as They Ever Have Bloomberg Janet Yellen Says She's Concerned About Trump Undermining Trust in Fed Reuters Yields steady, volume low with spate of data ahead

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